USA PCE Price Index (MoM) For July 0.2% Vs 0.2% Est.; 0.2% Prior
Portfolio Pulse from Happy Mohamed
The USA PCE Price Index for July came in at 0.2%, in line with estimates and the prior month's figure.
August 31, 2023 | 12:30 pm
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NEUTRAL IMPACT
The PCE Price Index, a key inflation indicator, came in as expected, which may stabilize market sentiment and have a neutral impact on SPY.
The PCE Price Index is a key measure of inflation. As the result came in as expected, it is unlikely to cause significant market volatility. Therefore, the impact on SPY, which tracks the S&P 500 and is sensitive to overall market sentiment, is expected to be neutral.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 75